STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long as the market circus continues. Chips failed (and recovered) but the bulls outsmarted the bears pumping utilities higher. Utes, chips, banks and copper are controlling stock market direction.

Bulls need UTIL above 981.27 to create a new and very strong leg higher in stocks.

Bears need to pull UTIL below 961.93, SOX below 3037.53, XLF below 33.10 and/or CPER below 24.62.

Bears need 2 of the 4 parameters to flip negative and then if the SPX is below 4134 and trending lower, Keybot the Quant would likely flip short.

The CPER 24.62 bull/bear line in the sand is only -1.1% away and copper futures are currently down -0.9% almost there. The stock market is on a knife edge right now. It is there if the bears want it.

The two parameters that would likely fail first are UTIL 961.93 and SOX 3037.53.

4/23/23; 7:00 PM EST =
4/19/23; 12:13 PM EST = +58; signal line is +36
4/19/23; 11:28 AM EST = +42; signal line is +35
4/19/23; 10:45 AM EST = +58; signal line is +36
4/19/23; 10:00 AM EST = +42; signal line is +35
4/19/23; 9:44 AM EST = +58; signal line is +36
4/18/23; 10:45 AM EST = +42; signal line is +35